Credit Officer II CRE

City National Bank; Los Angeles (CA); On-site; USD 61,000 - 104,000; Full time

Job summary

City National Bank in Los Angeles seeks a Credit Officer II CRE to provide credit and loan underwriting expertise for a team of Relationship Managers. The role analyzes prospective loan transactions, determines credit worthiness, and ensures thorough due diligence before approval documents are issued.

You will review financial statements, structure credits, and monitor covenants while maintaining bank policies and regulatory standards.

Qualifications

• Proficient in analyzing financial statements, cash flows, and collateral impacts.
• Strong understanding of commercial real estate credit principles and risk factors.
• Ability to evaluate borrower's creditworthiness and make well-supported recommendations.
• Familiarity with bank credit policies, procedures, and regulatory requirements.

Responsibilities

• Review financial information and document write-ups with clear recommendations.
• Interact with Relationship Managers and borrowers to gather necessary details.
• Author credit approval memorandums and evaluate credit alternatives.
• Monitor covenants and conditions per loan documents and escalate issues.
• Collaborate with RM to manage deal flow and meet deadlines.
• Attend client meetings when requested and participate in ongoing training.

Skills

Credit analysis

Financial statements

Cash flow analysis

Industry knowledge

Loan structuring

Guarantor financials

Education

Bachelor's degree

Job description

CREDIT OFFICER II CRE

WHAT IS THE OPPORTUNITY?

Participates in the loan management process by providing credit and loan underwriting expertise to a team of Relationship Managers ("RM's"). Analyzes prospective loan transactions and credit worthiness of borrowers. Pro-actively works to ensure the credit quality standards of the Bank are maintained. Prepares credit write-ups and ensures all due diligence and background evaluation is complete and thorough before credit requests and/or other approval documents are granted.

What you will do

1. Reviews financial information; may fully document write-ups or other approval documents consistent with Bank format, policies and procedures; determines sources and uses of funds; analyzes industry data, competitive factors, historical performance, projected results, risks, and mitigating factors. Ensures write-ups or other approval documents contain a well-supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly. May review loan packages and provide recommendations and/or feedback to Commercial Real Estate Banking Management.
2. Works with RM or contacts borrowers directly, for additional information and details related to loan request or clarification of financial materials and resources.
3. Authors credit approval memorandum, and as necessary, works with the RM in evaluating credit alternatives and creative ways to structure credits to ensure that transactions are within profitability and portfolio risk standards.
4. Performs financial reviews of client's financial condition per Credit Policy guidelines including monitoring covenants and conditions pursuant to the loan documents. Takes a proactive approach toward resolution. Escalates potential credit issues to RM, Regional Manager and/or Credit Manager.
5. Works directly with the RM to manage deal flow.
6. May attend client meetings at RM’s request.
7. Completes all required training. Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc).

Must-Have*

1. Bachelor's Degree or equivalent
2. Minimum 5 years of commercial real estate credit underwriting experience required.
3. Minimum 5 years of experience in a banking or financial services environment required.

Skills and Knowledge

1. College degree in Business Administration or a related field and/or a minimum of five to seven years’ experience in underwriting medium sized commercial real estate loans of moderate scope and complexity which requires strong technical expertise and knowledge of commercial credit principles, financial concepts and regular use of ingenuity and creativity in solving moderately complex credit problems.
2. Solutions are thorough, and require analysis, interpretation, and evaluation of financial statements, cash flow analysis, familiarity with various industries, collateral issues and values, loan structuring and guarantor personal financial statements and tax returns.
3. Prepares recommendations regarding approval or denial of applications exceeding posted standards.
4. Complete understanding of commercial real estate credit policies and procedures.
5. Wide application of credit principles and concepts.
6. Strong credit analysis and accounting skills.
7. Ability to assume responsibility and accountability for decision making, with the ability to communicate skillfully and effectively in both verbal/written forms.
8. Good organizational skills.
9. Ability to work independently and interact effectively with all levels of Bank personnel and outside contacts.

Compensation

Starting base salary: $44.28 - $75.42 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

*To be considered for this position you must meet at least these basic qualifications

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.

ABOUT CITY NATIONAL

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.

In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.

* City National Bank does business in Miami and the state of Florida as CN Bank.

For more information about City National, visit cnb.com.

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION

City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct.

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at [phone]. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.